2011-09-28

Enterprise Miracle Management

Can't Enterprise Risk Management guarantee against failure?

It's like asking why there are still fires now that we've hired firefighters. ERM could use a good portion of expectation management. If someone believes that nothing could ever go wrong since we have an ERM function, they need a reality check.

Not all existing risk will be discovered.
Not all discovered risk will be mitigated.
Not all mitigated risk will be eliminated.